On 16 #BTC 4, The Block reported that Fed Chair Jerome Powell will speak at the Economic Club of Chicago later today to provide clues on the overall tone of US monetary policy. Previously, Fed Governor Waller had said that if the United States re-implements a large-scale high tariff policy on "Liberation Day", the Fed will seriously consider cutting interest rates.
Kirill Kretov, senior automation expert at CoinPanel, said market volatility will persist until the overall macro picture is clear. But he also pointed out that the current price fluctuations are not decisive. Kirill Kretov said: "We are in a period of geopolitical tensions, economic fragility and overall risk aversion, and these sudden ups and downs are often just 'noise' and the market is trying to wash away the disdetermined investors. It's less about fundamentals or technical graphics, and more about sentiment and narrative dominance."
Paul Wincent, senior director at Wincent, echoed a similar sentiment, adding that the short-term trend was generally stable in the absence of macro influences and did not show pessimistic signals. If macro factors aside, crypto assets are still trading sideways in a range this week.
The Coin Bureau founders believe that Bitcoin's current mild pullback could instead be a positive sign. "A short-term dip and backtest of the $81,000 support level would be a healthy trend, and as long as Bitcoin stays above this key level, it could mean that the price has the basis for a sustainable rally, and now we can only hope that President Trump will not suddenly issue a new deal that shocks the market," Puckrin said.
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On 16 #BTC 4, The Block reported that Fed Chair Jerome Powell will speak at the Economic Club of Chicago later today to provide clues on the overall tone of US monetary policy. Previously, Fed Governor Waller had said that if the United States re-implements a large-scale high tariff policy on "Liberation Day", the Fed will seriously consider cutting interest rates.
Kirill Kretov, senior automation expert at CoinPanel, said market volatility will persist until the overall macro picture is clear. But he also pointed out that the current price fluctuations are not decisive. Kirill Kretov said: "We are in a period of geopolitical tensions, economic fragility and overall risk aversion, and these sudden ups and downs are often just 'noise' and the market is trying to wash away the disdetermined investors. It's less about fundamentals or technical graphics, and more about sentiment and narrative dominance."
Paul Wincent, senior director at Wincent, echoed a similar sentiment, adding that the short-term trend was generally stable in the absence of macro influences and did not show pessimistic signals. If macro factors aside, crypto assets are still trading sideways in a range this week.
The Coin Bureau founders believe that Bitcoin's current mild pullback could instead be a positive sign. "A short-term dip and backtest of the $81,000 support level would be a healthy trend, and as long as Bitcoin stays above this key level, it could mean that the price has the basis for a sustainable rally, and now we can only hope that President Trump will not suddenly issue a new deal that shocks the market," Puckrin said.